https://www.taxtmi.com/caselaws?id=774656 CESTAT Mumbai allowed the appeal challenging customs duty demand based on alleged undervaluation of iron ore exports. The adjudicating authority confirmed duty demands solely on findings that appellant company and shipping line were related parties with inflated freight invoices to reduce FOB value. However, CESTAT found no evidence of inflated freight charges or intent to evade duty. The appellant had approached multiple shipping lines for lowest quotations, which wasn't addressed by the authority. Since PWC's arm's length transaction report couldn't be discarded without contrary evidence and statements recorded under summons didn't establish undervaluation, the demand was unsustainable. The impugned order was set aside. en-us Fri, 04 Jul 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774656 CESTAT Mumbai allowed the appeal challenging customs duty demand based on alleged undervaluation of iron ore exports. The adjudicating authority confirmed duty demands solely on findings that appellant company and shipping line were related parties with inflated freight invoices to reduce FOB value. However, CESTAT found no evidence of inflated freight charges or intent to evade duty. The appellant had approached multiple shipping lines for lowest quotations, which wasn't addressed by the authority. Since PWC's arm's length transaction report couldn't be discarded without contrary evidence and statements recorded under summons didn't establish undervaluation, the demand was unsustainable. The impugned order was set aside. Case-Laws Customs Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774656